We would like to remind schools that Financial Value Transparency and Gainful Employment (FVT/GE) data reporting for the 2025 cycle began on July 1, 2025, and runs through Oct. 1, 2025. The most recently completed award year for the 2025 reporting period is the 2024–25 award year, which ended on June 30, 2025.
Regulations published Oct. 10, 2023, in the Federal Register (88 FR 70004) establish the requirements for institutions to report student and program information annually to the National Student Loan Data System (NSLDS®). Reporting methods include batch processing, online submittal, or the spreadsheet submittal process through NSLDS.
Institutions can use the reports referenced in Electronic Announcement GE-24-04 to support their FVT/GE reporting and to identify the programs and students for which the U.S. Department of Education (the Department) expects reporting to be completed. Additional resources include the NSLDS FVT/GE User Guide and the NSLDS FVT/GE Supplemental Training Resource, both available under “Resources” on the Financial Value Transparency and Gainful Employment Information page on the Knowledge Center website.
Completers List Evaluation
The deadline for the 2024 cycle for reporting and the evaluation of the Completers List was extended to Sept. 30, 2025, as provided in Electronic Announcement GE-25-02. The draft Completers List for the 2025 cycle will be generated shortly following the extended 2024 deadline. Institutions will have at least 60 days to make any corrections to their data in NSLDS following receipt of the list.
Note: The submission of required data and the evaluation of Completers Lists are two distinct processes and are performed separately. Institutions do not need the final version of the Completers Lists to complete the required reporting by the deadline. In the attachment to this announcement, we provide a summary of the years and students covered by the review of Completers Lists and submission of required reporting for the 2025 cycle.
For more information about FVT/GE reporting and the Completers List Report, refer to the NSLDS FVT/GE User Guide.
Contact Information
If you have questions about NSLDS FVT/GE processes, tools, or functionality, contact the NSLDS Customer Support Center at 1-800-999-8219 or nslds@ed.gov.
If you have policy questions about the FVT/GE regulations, please direct them to GE24@ed.gov.
Attachments
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